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Ecuador is cutting beer prices by more than 20% through a temporary tax cut to rally “extra support” for the national football team during the World Cup, President Daniel Noboa said.
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Stocks in Asia were set to advance Friday, tracking a rally on Wall Street after President Donald Trump said the US was nearing an agreement with Iran, raising hopes for a diplomatic end to a conflict that has rattled global markets.
Check out the stocks Heard on the Street writers favor in their eighth annual stock-picking contest.
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For the S&P 500, a technical bear market decline of 20% from the closing high of 7,610 would mean a slide to 6,088.
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Futures are off their highs of the morning, but chip stocks are a bright spot.
Check out the stocks Heard on the Street writers favor in their eighth annual stock-picking contest.
There is little sign of crimped demand for equities among individual investors, who remain bullish after two years of blockbuster gains.
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US equity futures advanced, bouncing after Wednesday’s late selloff in tech shares, while a swift end to renewed American strikes on Iran kept oil prices in check.
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Emerging-market stocks dropped for the sixth time in seven days as a regulatory censure sparked a selloff in Chinese e-commerce stocks and another flare-up in the Middle Eastern conflict sapped risk appetite.
Anti-immigrant demonstrators rallied for another day in Belfast, Northern Ireland, lighting a car on fire.